Strong property gains lift China markets, Hong Kong pares losses

viernes 18 de julio de 2014 00:55 GYT

* HSI -0.5 pct, H-shares -0.6 pct, CSI300 +0.7 pct

* China property sector jumps on easing expectations

* Li Ning at 3-month low after it warns of deeper H1 losses

* Liquor-makers rise on hopes for Hong Kong-Shanghai linkage (Updates to midday)

By Grace Li

HONG KONG, July 18 (Reuters) - China shares rose on Friday morning, reversing early losses as property counters surged after soft home price data triggered expectations of more mini-stimulus by local governments.

Hong Kong's benchmark index opened down almost 1 percent, following weaker U.S. bourses after news of a downed Malaysian airliner at the Ukraine-Russia border rattled investors.

Nearly 300 people were killed. A Ukrainian official said a missile was fired at the plane.

Some of Hong Kong's losses were erased after China markets regained momentum.   Continuación...